Legal Opinion

Fisher Cos. v. Commissioner

United States Tax Court

Decided June 24, 1985No. Docket No. 16064-83Published

1. In 1974, Fisher Mills, a subsidiary of petitioner, was found guilty on a nolo contendere plea of violating sec. 1 of the Sherman Antitrust Act. No injunction was sought or obtained with respect to this violation. Subsequently American Bakeries and Interstate commenced civil actions against Fisher Mills under sec. 4 of the Clayton Act for treble damages. These civil suits were settled prior to commencement of the trial.

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1. In 1974, Fisher Mills, a subsidiary of petitioner, was found guilty on a nolo contendere plea of violating sec. 1 of the Sherman Antitrust Act. No injunction was sought or obtained with respect to this violation. Subsequently American Bakeries and Interstate commenced civil actions against Fisher Mills under sec. 4 of the Clayton Act for treble damages. These civil suits were settled prior to commencement of the trial. ITT believed it had claims against petitioner similar to those asserted by American Bakeries and Interstate, but Fisher Mills settled with ITT prior to commencement of a…

1Opinion of the Court

Fisher Companies, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent

Fisher Cos. v. Commissioner

Docket No. 16064-83

United States Tax Court

84 T.C. 1319; 1985 U.S. Tax Ct. LEXIS 64; 84 T.C. No. 73;

June 24, 1985. June 24, 1985, Filed

Decision will be entered under Rule 155.

1. In 1974, Fisher Mills, a subsidiary of petitioner, was found guilty on a nolo contendere plea of violating sec. 1 of the Sherman Antitrust Act. No injunction was sought or obtained with respect to this violation. Subsequently American Bakeries and Interstate commenced civil actions against Fisher Mills under…

2Cases cited11 opinions

  1. Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
  2. Commissioner v. TellierSupreme Court of the United States · 1966
  3. United States v. HendlerSupreme Court of the United States · 1938
  4. Bresler v. CommissionerUnited States Tax Court · 1975
  5. Estate of Carter v. CommissionerUnited States Tax Court · 1960

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